2017-02-02T10:55:42-07:00 2016-06-30 990 2015-07-01 540505922 LYNCHBURG COLLEGE LYNC 4345448428 1501 Lakeside Drive Lynchburg VA 24501 Steve Bright VP for Business & Finance 4345448428 2017-01-31 2015 2021-01-29 14:40:06Z X Stephen Bright 1501 Lakeside Drive Lynchburg VA 24501 163690961 0 X www.lynchburg.edu X 1903 VA Lynchburg College, a private coeducational institution founded in 1903 in covenant with the Christian Church (Disciples of Christ), offers distinctive undergraduate and graduate programs that reflect its commitment to teaching and learning, scholarship, and service to the broader community. 33 32 1921 0 148607 0 5936771 5998137 88289132 93157182 5918989 4226381 66130 -243211 100211022 103138489 31030230 32988758 0 0 40761701 41526380 0 43961 1585586 24550535 25477089 96342466 100036188 3868556 3102301 199130526 195612498 48466510 47560790 150664016 148051708 X The College offers distinctive undergraduate and graduate programs that reflect its commitment to teaching and learning, scholarship, and service to the broader community. The mission of the College is to develop students with strong character and balanced perspectives and to prepare them for engagement in a global society and for effective leadership in civic, professional, and spiritual dimensions of life. The College provides its students with a wide range of rigorous educational experiences delivered through multiple modes of instruction. 1 0 57984271 32988758 93008575 Includes student instruction and scholarships. For the Fall 2015, there were 2,141 undergraduates, 653 graduates for a total enrollment of 2,794 students. 11807351 0 0 Includes auxiliary enterprises (such as dining services, student housing, campus store, and other snack bar areas). 9880140 0 0 Includes other institutional services (such as information technology, interest expense, and other allocated expenses) that support student instruction. 9603433 0 0 Includes student services which consists of enrollment services, registrar, health and counseling services, student activities, sports, and recreation. 3951716 0 0 Includes academic support which consists of the College's library, art gallery, academic advising, career services, and other support services for the academic divisions. 13555149 0 0 93226911 1 1 0 1 0 0 1 1 0 1 1 1 0 0 1 0 1 0 1 1 1 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 1 0 0 0 1 X 3722 0 1 1921 1 1 1 1 ST 0 0 0 0 0 0 0 0 X 33 32 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 VA X Stephen Bright 4345448428 1501 Lakeside Drive Lynchburg VA 24501 X Melanie Biermann Trustee 1 0 X 0 0 0 David C Boyle Trustee 1 0 X 0 0 0 Wendy Bradley Trustee 1 0 X 0 0 0 Alan A Burgess Trustee 1 0 X 0 0 0 Howard M Butler Trustee 1 0 X 0 0 0 Carol Calandra Trustee 1 0 X 0 0 0 Fred R Cawthorne Trustee 1 0 X 0 0 0 Charles P Collings Trustee/Corporate Officer 1 0 X X 0 0 0 Stephen L Crank Trustee 1 0 X 0 0 0 Warren Cross Jr Trustee 1 0 X 0 0 0 Beverly E Dalton Trustee 1 0 X 0 0 0 Richard O Danker Trustee 1 0 X 0 0 0 Mary Jane Dolan Trustee 1 0 X 0 0 0 Julie P Doyle Trustee 1 0 X 0 0 0 Rebecca DuFour Trustee 1 0 X 0 0 0 Mary S Elcano Trustee 1 0 X 0 0 0 Pauline B Flint Trustee/Corporate Officer 5 0 X X 0 0 0 Suzanne F Flynn Trustee 1 0 X 0 0 0 Roger H Green Trustee 1 0 X 0 0 0 Terry H Jamerson Trustee 1 0 X 0 0 0 Yong H Kim Trustee 1 0 X 0 0 0 Jeffrey Kurzweil Trustee 1 0 X 0 0 0 Robert Lemon Jr Trustee 1 0 X 0 0 0 Nathaniel X Marshall Trustee/Corporate Officer 1 0 X X 0 0 0 Philip G Mazzara Trustee 1 0 X 0 0 0 Andrew J McKenna Trustee 1 0 X 0 0 0 A Patricia Merryman Trustee 1 0 X 0 0 0 Margaret A Miller Trustee 1 0 X 0 0 0 Kathryn M Pumphrey Trustee/Corporate Officer 1 0 X X 0 0 0 Rosel H Schewel Trustee 1 0 X 0 0 0 Andrew J Tatom III Trustee 1 0 X 0 0 0 Thomas A Walker Trustee 1 0 X 0 0 0 Charles B White Trustee 1 0 X 0 0 0 Tucker W Withers Trustee 1 0 X 0 0 0 Kenneth R Garren President of the College 60 0 X 385761 0 48100 Julius A Sigler - Retired 6 30 15 VP and Dean for Academic Affairs 65 0 X 72699 0 11729 John G Eccles VP and Dean for Student Development 60 0 X 123717 0 16508 Rita A Detweiler VP for Enrollment Management 55 0 X 124022 0 24001 Denise A McDonald VP for Advancement 70 0 X 126498 0 23413 Edward A Polloway - Retired 6 30 15 VP for Comm Adv and Dean of Grad Studies 60 1 X 115964 0 7867 Stephen E Bright VP for Business and Finance and Treasurer 55 0 X 145719 0 25179 Sally C Selden Vice President and Dean for Academic Affairs 60 0 X X 152989 0 12524 A Russell Smith Director/Professor Physical Therapy 55 0 X 141386 0 22330 Atul Gupta Prof of Management and Assoc Dean for Academic Affairs 60 0 X 117525 0 20746 David Murphy Professor 40 0 X 128781 0 23154 Jeremy Welsh Director/Professor of Physician Assistant Medicine 60 0 X 132182 0 16690 Joseph Turek Professor 50 0 X 114473 0 21124 1881716 0 273365 29 0 1 0 Jamerson-Lewis Construction P O Box 10728 Lynchburg VA 24506 Construction 470938 IPC Technologies 7200 Glen Forest Drive Suite 100 Henrico VA 232263768 IT Services 307238 Southern Air Inc P O Box 4205 Lynchburg VA 245020205 HVAC Services 272512 CommonFund Box 5493 Boston MA 02206 Investment Management 229117 Advanced Logic Industries P O Box 932581 Atlanta GA 311932581 IT Services 224176 14 0 0 14400 0 607863 5375874 196093 5998137 Tuition and Fees 611310 74268637 74268637 0 0 Auxiliary Services 900099 15144618 15144618 0 0 Miscellaneous Income 900099 3595320 3595320 0 0 Auxiliary - Catering 900099 148607 0 148607 0 0 0 0 0 93157182 1617020 0 0 1617020 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 63126631 20694 60234412 303552 2892219 -282858 2609361 0 0 2609361 27336 14400 14508 12828 0 12828 0 0 0 0 0 0 0 0 0 0 0 0 Change in Interest Rate Swap 900099 -256039 0 0 -256039 0 0 0 0 -256039 103138489 93008575 148607 3983170 0 0 32790126 32790126 198632 198632 0 0 1300864 393313 744938 162613 0 0 0 0 30466387 28137514 1619229 709644 2270968 2077113 152588 41267 5169475 4851282 251322 66871 2318686 2074698 191940 52048 0 0 0 0 258666 0 258666 0 71590 0 71590 0 0 0 0 0 43961 43961 1073327 0 1073327 0 0 0 0 0 111176 53492 57684 0 1141054 915562 113182 112310 615910 535390 10505 70015 0 0 0 0 2974291 2885062 59486 29743 1277524 963837 171614 142073 0 0 0 0 0 0 0 0 1437947 1437947 0 0 0 0 0 0 4762091 4762091 0 0 28532 0 28532 0 Food Purchases 2231985 2231985 0 0 Indirect Cost Allocations/Auxiliaries/Other 3170783 3170783 0 0 Purchases - Campus Store 964505 964505 0 0 5357708 4783579 419088 155041 100036188 93226911 5223691 1585586 25500 25600 5009982 14131719 3607435 2846377 1990369 1863225 0 0 0 0 1753485 1492233 614804 705316 652537 895600 142508830 61381541 82464399 81127289 77527748 74126466 25000819 17955397 0 0 0 0 483448 443276 199130526 195612498 5600808 5979264 0 0 2911177 3628378 35824710 33789762 0 0 0 0 1674155 1459953 0 0 2455660 2703433 48466510 47560790 X 61463438 63360633 47910483 42446815 41290095 42244260 150664016 148051708 199130526 195612498 X 3102301 -5503764 0 0 0 -210845 X 0 1 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 3672 3672 0 Schedule C, Part II-B, Line 1 The College is a member of the Council of Independent Colleges in Virginia (CICV) which supports Virginia Private Colleges by advocating public policy positions and monitoring legislation impacting the independent higher education community. CICV provides a voice for Virginia's independent higher education community and advocates on behalf of schools, students and their families at the Virginia Assembly, in Congress, and before boards, agencies and commissions. CICV estimates that 12.21% of the 15-16 dues ($30,070) was used for lobbying. X 1 470 0 0 0 1 1 0 0 1 0 256258 0 0 X X X X 0 98665977 3786122 -1980017 2028873 1807730 0 96635479 97523495 2784724 1944033 1880525 1705750 0 98665977 81142194 5863447 13511478 1653868 1339756 0 97523495 74636284 736267 8666032 1469216 1427173 0 81142194 79008989 1583137 -3158653 1420685 1376504 0 74636284 0.2 0.37 0.43 1 0 0 3316197 3316197 0 112285445 46262685 66022760 0 0 0 0 0 16123593 11322416 4801177 0 10783595 3796440 6987155 81127289 Hedge Funds 6107698 F Private Capital 5686525 F Natural Resources 1277140 F Distressed Debt 297125 F Real Estate 4586909 F 17955397 0 Interest rate swap agreement liability 1809236 US Government grants refundable 894197 2703433 63348967 -5503764 0 0 -33199603 -38703367 102052334 1073327 12828 1086155 103138489 65961275 0 0 0 -12828 -12828 65974103 1073327 32988758 34062085 100036188 Schedule D, Part II, Line 5 The Virginia Outdoors Foundation has the responsibility to enter the property from time to time (usually on an annual basis) for purposes of inspection and enforcement of the terms of the easement after permission from and reasonable notice has been given to the College. The Foundation has the right to bring an action at law or in equity to enforce the restrictions as outlined in the easement. This right specifically includes the right to require restoration of the property to a condition of compliance with the terms of the easement as existed on the date of the gift of the easement. A report is received from the Virginia Outdoors Foundation detailing their visit and addresses any issues that may arise. The College has a full time Director of the Claytor Nature Center (the farm) who is responsible for working with the Virginia Outdoors Foundation. Schedule D, Part II, Line 9 The Virginia Outdoors Foundation easement was included with a gift of a 470 acre farm received in 1998. The gift of the farm was substantiated by a real estate appraisal report and recorded as an asset to the College on the Statement of Financial Position and as gift revenue on the Statement of Activities when received. Schedule D, Part III, Line 4 The College's art collection includes paintings, drawings, prints, and sculptures by Pierre Daura, works by Virginia folk artist Queena Dillard Stovall, works by Lynchburg artist Georgia Morgan, African art, photographs by Andy Warhol and numerous works by other American and European artists. The mission of the Daura Gallery is to serve the College and the community by providing opportunities for learning, enjoyment, and personal growth, by strengthening the creative and curricular life of the College and by encouraging the interdisciplinary affiliation of the visual arts with diverse academic disciplines. On June 30, 2016 the College acquired Historic Sandusky. The Mission of Historic Sandusky is to preserve and interpret the Sandusky site as a public museum in Lynchburg, Virginia and to collect, preserve and disseminate information about the history of Sandusky, its inhabitants, and the role of Lynchburg in the Civil War. The acquisition included a collection of Lynchburg and Civil War artifacts including, but not limited to original letters, photographs, portraits, firearms, furniture, musical instruments, books and other historic items and documents. These items are preserved and intended to provide opportunities to enrich the learning experience for Lynchburg College students and the broader community. Schedule D, Part V, Line 4 The College's endowment includes 1) funds that offer a comprehensive financial aid program for students demonstrating financial need, academic merit, and special leadership traits, 2) funds that support Distinguished Chairs, professorships, and special lectureships, 3) funds that offer numerous special programs to benefit students, faculty, staff and the broader community which are diverse in focus and create unique learning opportunities and 4) funds that offer financial support to the College's annual operating budget. Schedule D, Part XI, Line 2d Includes Financial Aid ($32,988,758) and Change in Value of Split Interest Agreements ($210,845) Schedule D, Part XI, Line 4b Includes Special Events. Schedule D, Part XII, Line 2d Includes Special Events. Schedule D, Part XII, Line 4b Includes Financial Aid. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 The College has published its notice of non-discriminatory policy of students through newspaper media. In addition, the College's website includes a statement that Lynchburg College does not discriminate on the basis of race, color, national origin, gender, disability, age, sexual orientation, or religion in its activities, including admission to and employment by the College. Schedule E, Part I, Line 6 Lynchburg College was the recipient of various grants and contracts from the Federal Government supporting student financial aid and other College programs in the 2015-16 fiscal year. These awards were received from the US Department of Education. 1 Central America and the Caribbean 1 4 Program Services Travel to St. Lucia for clinical internships and instruction 29820 Central America and the Caribbean 0 0 Program Services St. Lucia campus expenses 169343 Central America and the Caribbean 0 0 Program Services Student Recruitment 2419 Central America and the Caribbean 0 0 Program Services Study Abroad 1368 Central America and the Caribbean 0 0 Program Services Study Abroad 664 Central America and the Caribbean 0 0 Program Services Study Abroad 574 South America 0 0 Program Services Study Abroad 365 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Professional development/Conference travel 663 North America (including Canada and Mexico, but not the United States) 0 0 Program Services Study Abroad 3619 South Asia 0 0 Program Services Professional Development 2461 South Asia 0 0 Program Services Professional Development 2208 South Asia 0 0 Program Services Professional Development 4667 East Asia and the Pacific 0 0 Program Services Student Recruitment 6643 East Asia and the Pacific 0 0 Program Services Study Abroad 2597 East Asia and the Pacific 0 0 Program Services Student Recruitment 5826 Europe (including Iceland and Greenland) 0 0 Program Services Study Abroad 3423 Europe (including Iceland and Greenland) 0 0 Program Services Student Recruitment 2524 Europe (including Iceland and Greenland) 0 0 Program Services Study Abroad 1019 Europe (including Iceland and Greenland) 0 0 Program Services Study Abroad 2005 Europe (including Iceland and Greenland) 0 0 Program Services Student Recruitment 1936 Europe (including Iceland and Greenland) 0 0 Program Services Professional development/Presentation 790 Europe (including Iceland and Greenland) 0 0 Program Services Professional development and research 2600 Europe (including Iceland and Greenland) 0 0 Program Services Professional development/Conference travel 822 Europe (including Iceland and Greenland) 0 0 Program Services Professional development/Presentation 500 Europe (including Iceland and Greenland) 0 0 Program Services Professional development/Presentation 950 Europe (including Iceland and Greenland) 0 0 Program Services Professional development and research 13874 Europe (including Iceland and Greenland) 0 0 Program Services Student Recruitment 675 Sub-Saharan Africa 0 0 Program Services Professional development/Presentation 1076 Sub-Saharan Africa 0 0 Program Services Study Abroad 2652 Sub-Saharan Africa 0 0 Grantmaking Financial Aid - Applied to billed tuition and fees 17923 Central America and the Caribbean 0 0 Grantmaking Financial Aid - Applied to billed tuition and fees 90517 East Asia and the Pacific 0 0 Grantmaking Financial Aid - Applied to billed tuition and fees 54068 South Asia 0 0 Grantmaking Financial Aid - Applied to billed tuition and fees 11695 Europe (including Iceland and Greenland) 0 0 Grantmaking Financial Aid - Applied to billed tuition and fees 24430 1 4 466716 Unfunded Financial Aid Sub-Saharan Africa 3 17713 Applied to students' tuition and fees Funded Financial Aid Sub-Saharan Africa 1 210 Applied to student's tuition and fees Unfunded Financial Aid Central America and the Caribbean 7 86517 Applied to students' tuition and fees Funded Financial Aid Central America and the Caribbean 7 4000 Applied to students' tuition and fees Unfunded Financial Aid East Asia and the Pacific 7 53768 Applied to students' tuition and fees Funded Financial Aid East Asia and the Pacific 1 300 Applied to student's tuition and fees Unfunded Financial Aid South Asia 1 10895 Applied to student's tuition and fees Funded Financial Aid South Asia 1 800 Applied to student's tuition and fees Unfunded Financial Aid Europe (including Iceland and Greenland) 2 24430 Applied to students' tuition and fees 0 0 0 0 0 0 Schedule F, Part I, Line 2 Lynchburg College does not provide grants and other assistance to organizations or entities outside the United States. Financial aid is awarded to students who attend the College and whose citizenship is outside the United States. This aid is based upon need and merit and is applied to each student's billed tuition and fees account. The College uses the College Board's PowerFAIDS software to manage its financial aid database and awarding procedures. X X X X X X X 1 Chris Withers 896 Dogwood Dell Lane Midlothian VA 23113 Consultant for the Lynchburg College Office of Advancement 0 0 43961 -43961 0 43961 -43961 AL AR CA CT DC GA HI IL KS KY LA MD ME MN MO MS NC ND NH NJ NM NY OH OK OR PA RI TN UT VA WI Golf Tournament 17300 2150 15150 0 0 3125 0 0 31 Golf Tournament 10824 8094 2730 0 0 3324 0 0 444 2 13612 4156 9456 0 0 4241 0 0 3343 41736 14400 27336 0 0 10690 0 0 3818 14508 12828 1 Non-funded Financial Aid 1770 30952414 Funded Financial Aid 105 1837712 Schedule I, Part I, Line 2 Within the limits of available resources, the College makes every effort to make financial aid opportunities available to needy and academically eligible students. Traditional-age students must be enrolled in a full-time undergraduate degree program to be considered for College academic scholarships, grants and/or need-based financial aid. With the exception of some academic scholarships, students who wish to apply for grants, loans or work-study submit the Free Application for Federal Student Aid (FAFSA). Awards are considered on the basis of financial need and/or a student's academic profile. Awards are packaged using a combination of grants and scholarships, loans and work-study assignments. Students must be in good academic standing and achieve the minimum standards of academic progress. We use College Board's Powerfaids software to manage our financial aid database and awarding procedures. X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 Kenneth R Garren President of the College 385761 0 0 0 0 0 23850 0 24250 0 433861 0 0 0 Stephen E Bright VP for Business and Finance and Treasurer 145719 0 0 0 0 0 14283 0 10896 0 170898 0 0 0 Sally C Selden Associate Dean for Academic Affairs 152989 0 0 0 0 0 12043 0 481 0 165513 0 0 0 David Murphy Professor 128781 0 0 0 0 0 10473 0 12681 0 151935 0 0 0 A Russell Smith Director/Professor Physical Therapy 141386 0 0 0 0 0 13177 0 9153 0 163716 0 0 0 Schedule J, Part I, Line 1a Travel for the President's spouse is provided while travelling for College purposes. She provides bona-fide and school-related business activities. As outlined in the President's contract with the College, the President is required to live in a house provided by the College as part of his job as President. The house is physically located on the College's campus. Schedule J, Part I, Line 3 The Compensation Committee of the Board of Trustees approves the President's written employment contract on an annual basis. This approved written employment contract is approved by the full Board of Trustees and documented in the minutes. As deemed necessary by the Compensation Committee, an independent compensation consultant is used for input regarding the President's salary level as compared to other comparable position. A Virginia College Building Authority 541249154 2010-12-21 8837932 Provides funds to refund a prior issue dtd 1/22/04 and other debt obligations 0 0 0 B Economic Development Authority of the City of Lynchburg Virginia 541225193 55123RAR7 2013-06-27 24308295 Refund two prior outstanding issues and Student Center expansion 1 0 0 C Economic Dev Authority of Amherst County Virginia 830477842 2013-05-29 7571000 Purchase and renovate the Health Sciences Bldg 0 0 0 A 2515455 0 8837932 0 0 0 100088 0 0 0 8737844 0 2010 1 0 1 1 B 2570784 0 24308295 0 12581 0 397452 0 0 10012015 13911409 0 2014 1 0 0 1 C 1916226 0 7571000 0 0 0 73036 0 0 7497964 0 0 2014 0 0 0 1 A 0 1 0 0 0.0009 0 0.0009 1 0 1 B 0 1 0 0 0.0034 0 0.0034 1 0 1 C 0 0 0 0 0 0 0 1 0 1 A 0 0 0 0 1 1 SunTrust Bank 22 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 C 0 0 0 0 1 0 0 0 1 A 1 B 1 C 1 Annette Eccles Family member of a College Officer 20250 Compensation paid as employee of the College 0 Tyler Eccles Family member of a College Officer 44111 Compensation paid as employee of the College 0 Sheila Garren Family member of a College Officer 27314 Compensation paid as employee of the College 0 Richard Pumphrey Family member of a Trustee/Corporate Officer 83024 Compensation paid as employee of the College 0 Heather Ryan-Sigler Family member of a Former Officer 52138 Compensation paid as employee of the College 0 Janet Sigler Family member of a Former Officer 20402 Compensation paid as employee of the College 0 X 21 185357 Avg hi/low on gift date X 1 1000 Opinion of Expert X Travel Expenses 2 1902 FMV X Miscellaneous 8 7834 FMV 0 0 1 0 Form 990, Part III, Line 2 In fiscal year 15-16, Lynchburg College introduced several new post-graduate degree programs. The College was granted Accreditation-Provisional status for the offering of Physician Assistant Medicine whose mission is to educate physician assistants (PAs) to become compassionate health care providers with an emphasis on teamwork, communication and patient-centered care. The PA Medicine Program consists of a 27-month Master of Physician Assistant Medicine (MPAM). The initial cohort in Fall 2015 consisted of 25 students. The College also introduced three new Master's Programs in Non-Profit Leadership, Criminal Justice Leadership, and Public Health. The three programs combined enrolled 44 students in Fall 2015. Form 990, Part V, Line 1a Includes Tax Forms 1099-MISC (156), 1099-R (48) and 1098-T (3518). Form 990, Part VI, Section B, Line 11b The Tax Form 990 is internally prepared by the Senior Accountant - Endowment and Investments and reviewed by the Controller and the VP for Business and Finance. The Form 990 is then sent to be reviewed by the following Trustees: Chair of the Board, Chair of the Budget and Finance Committee, and all members of the Audit Committee. They review the document and notify the Business Office of their approval within three business days. The completed Tax Form 990 is then emailed (or sent overnight) to all Trustees. The Business Office executes and submits the Form 990 to the IRS. Schedule B, Schedule of Contributors, is not included in the information sent to the Trustees in order to maintain confidentiality for the College's donors. Form 990, Part VI, Section B, Line 12c As outlined in the College's By-laws, the Board prohibits conflict of interest by its Trustees and College Officers in particular matters under consideration by the Board, in accordance with the Conflict-of-Interest policy for Trustees and College Officers. Each Trustee and College Officer is asked to 1) review the Conflict-of-Interest policy annually, 2) disclose any possible personal, familial or business relationships that reasonably could give rise to a conflict involving the College, 3) acknowledge by his or her signature that he or she is in compliance with the letter and spirit of the policy. If a conflict is suspected or confirmed, the matter shall be discussed between the committee chair, the Board Chair, and the Trustee in question, to determine if any specific vote by the Trustee should be recanted and if said Trustee should be involved in any future discussion on the topic. Should the matter not be resolved by the committee chair, the Board Chair, and Trustee in question, ultimate enforcement of any conflict will be determined by the Executive Committee as may be appropriate. The completed Conflict-of-Interest forms are monitored and maintained in the President's Office. Form 990, Part VI, Section B, Line 15 The compensation for all faculty and staff (except the College President) is set on an annual basis in keeping with the College's salary plan that was adopted after a year-long study in 2005-06. The President's salary is set by the College's Compensation Committee. The committee is led by the Board Chair and includes several other Board members who have been appointed to the committee by the Board Chair. The purpose of the committee is to review the President's job performance and determine the appropriate salary to recommend to the full Board of Trustees. The Trustees meet in Executive session during the annual May meeting to receive the report of the Compensation Committee and act on their recommendation. The actions of the Board of Trustees while in Executive session are documented in the minutes of the meeting. In October 2010, the College obtained the service of an independent consultant to analyze the President's compensation package with Presidential compensation data from approximately ten (10) to fifteen (15) comparator colleges. In fiscal year 2015-16, a new study was performed by an independent consultant to review the compensation of senior management and the President and recommend to the Compensation Committee where any adjustments were necessary. Form 990, Part VI, Section C, Line 19 The documents are made available to the public upon request to the President of the College or the Vice President for Business and Finance. Form 990, Part VII, Section A, Line 1c On June 30, 2015, the Vice President and Dean for Academic Affairs, Julius A. Sigler retired. On July 1, 2015, Sally C. Selden assumed this position. Both are listed here as officers of the College since W-2 information is based on Calendar Year 2015. Mrs. Selden is also listed as a key employee as her total compensation exceeds that of a key employee for Calendar Year 2015. Form 990, Part XI, Line 9 Change in Value of Split Interest Agreements (-$210,845). Historic Sandusky Foundation Inc 757 Sandusky Drive Lynchburg VA 24502 542014523 Preserve and maintain historical property VA 501(c)(3) 9 Lynchburg College in Virginia 0 Lynchburg College (St Lucia) Limited No 6 Colony House P O BOX 3038 John Compton Highway Castries St Lucia ST Educational ST Lynchburg College in Virginia C 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 1 Historic Sandusky Foundation Inc i 1040821 Excess of assets acquired over liabilities assumed in the acquisition of Historic Sandusky. Lynchburg College (St Lucia) Limited s 11200 Refund of rental deposit to Lynchburg College when St. Lucia campus moved to a new location.